Megatrends

The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.

Travel in Vietnam

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Executive Summary

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Robust growth for Vietnam travel industry in 2018

Inbound tourism flows to Vietnam continued rising at a double-digit growth rate in 2018. Domestic and outbound flow also recorded strong growth, marking another highly profitable year for industry players.

Online travel sales grow strongly in 2018

Online sales of all travel products continued growing strongly in 2018, including air, hotels, and intermediaries. It has become the industry standard for all players to have a strong online presence, including mobile-friendly websites with an online purchase function, and social media accounts on leading sites such as Facebook and Instagram.

Vietjet Air and Vinpearl JSC are the two most notable competitors

In 2017 and 2018, low-cost carriers continued recording exceptional growth rates. This was largely attributable to the success of local player Vietjet Air.

Premium niche has growth opportunities

In the latter part of the review period, Vietnam’s average disposable income continued to rise. At the same time, the number of wealthy individuals also grew strongly.

Robust development expected in the near future

Over the forecast period, Vietnam’s travel industry is expected to see new developments that will boost growth rates in many categories. In air travel, the appearance of new local brand Bamboo Airlines, which is scheduled to operate its inaugural flight by the end of 2018, will bring more options and growth opportunities.

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